$150 million of Unit Trust of Fiji’s three self-funded commercial building projects launched

The Unit Trust of Fiji’s $150 million three self-funded commercial building projects has been launched by Prime Minister Sitiveni Rabuka.

Rabuka says the projects mark a major milestone in the institution’s growth and contribution to Fiji’s economic development.

Speaking at the event, Rabuka commended UTOF for its bold and visionary investment strategy, describing the initiative as a clear vote of confidence in Fiji’s economic potential and a reflection of the Coalition Government’s vision for a resilient, prosperous, and inclusive economy.

He says to manage this expanding property portfolio, they are pleased to witness the formal commissioning of UTOF Properties Pte Limited, a new entity tasked with overseeing real estate and property developments.

Rabuka says this is only Phase One, with the potential to scale up to $500 million by 2028.

The Prime Minister also formally commissioned UTOF Properties Pte Limited, a new subsidiary tasked with managing the institution’s expanding property portfolio and overseeing real estate and property developments.

Further, he encouraged UTOF to explore collaboration with the Ministry of Housing and the Housing Authority of Fiji in addressing the nation’s housing challenges through joint initiatives in mixed-use developments and affordable rental markets.

Rabuka says the potential for partnership between UTOF and Government in addressing our national housing needs is significant. Highlighting UTOF’s strong performance, the Prime Minister noted that the institution’s funds under management have grown from $100 million in 2014 to $570 million in 2025, with projections to reach $600 million by year-end.

Rabuka also praised UTOF’s alignment with the National Development Plan 2025–2029, and its recognition through the President’s Award under the Fiji Business Excellence Framework in 2023.

He reiterates this level of alignment signals a shared national purpose one that connects the economic institutions directly with the strategic priorities of this Government and the three new commercial developments are expected to generate employment, boost local economies, and strengthen investor confidence in Fiji’s property market.